CBSE Class 10 Money and Credit — practice questions
20 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice CBSE Class 10 Money and Credit in the app →Money in its modern form isCurrency notes in India are issued byA 'double coincidence of wants' is necessary inApproximately what percentage of bank deposits do Indian banks keep as cash reserves?Collateral isSelf-Help Groups (SHGs) typically haveFormal sources of credit in India includeWhy do most rural households still rely on moneylenders?The Reserve Bank of India supervisesCheap and affordable credit is essential forA demand deposit can be withdrawnIn which decade did the Indian banking sector see major nationalisation?'Debt-trap' refers to a situation whereCooperative societies serving as lenders are common inWhy is the share of formal credit lower for poorer households?Which of these is NOT a function of modern money?Microcredit through Self-Help Groups primarily benefitsHigher rate of interest in informal lending is risky becauseBank loans to farmers come under which category of formal lending?A primary advantage of cheques over cash transactions is